Search results for: Utilization

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A list of search results

  • 4 July 2018

    Electromagnetic Geoservices (EMGS) has recorded a drop of 54% in vessel utilization for the second quarter of 2018. The vessel utilization for the second quarter 2018 was 31% compared with 85% for the second quarter in 2017. In the second quarter of 2018, the company’s vessels were allocated 31% to multi-client projects and no time […]

  • 6 April 2018

    Norwegian geophysical services company Electromagnetic Geoservices (EMGS) has recorded a drop in vessel utilization for the first quarter 2018. Vessel utilization for the first quarter 2018 was 37% compared with 92% for the first quarter in 2017. In the first quarter of 2018, the company’s vessels were allocated 37% to multi-client projects and no time was spent […]

  • 8 April 2016

    Norway’s Electromagnetic Geoservices (EMGS) reported vessel utilization for the first quarter 2016 at 55% compared with 76% for the first quarter 2015. In the first quarter of 2016, the vessels were allocated 29% to contract and 26% to multi-client projects. EMGS had two vessels in operation in the first quarter 2016. The BOA Thalassa started contract work […]

  • 13 November 2015

    LNG use by Japan’s ten independent regional electric power companies dropped 8.1 percent in October when compared to the same month in 2014. The companies consumed 4.13 million mt of liquefied natural gas in October, preliminary data from the Federation of Electric Power Companies of Japan (FEPC) reveals. October purchases by the ten utilities were […]

  • 13 April 2016

    LNG use by Japan’s ten independent regional electric power companies dropped by 3.9 percent in March, as compared to the same month a year ago.  The power utilities consumed 4.43 million mt of LNG in March,  according to the data from the Federation of Electric Power Companies of Japan (FEPC). March purchases by the ten […]

  • 25 May 2016
    Business & Finance

    Dutch shipbuilder Damen has unveiled the design of the first of a new class of Damen utility vessel UV2410, which is expected to start construction shortly. The main requirements for the new Utility Vessel 2410 were that its length does not exceed 24 meters and that it fits within the 200 gross tonnage limit, based […]

  • 12 February 2016

    LNG use by Japan’s ten independent regional electric power companies dropped 4 percent in January when compared to the same month in 2015. The power companies consumed 4.99 million mt of liquefied natural gas in December, preliminary data from the Federation of Electric Power Companies of Japan (FEPC) reveals. According to the data, January purchases […]

  • 17 January 2018
    Operations & Maintenance

    Nord Stream has recorded the highest utilization of the Nord Stream pipeline system since the start of operation. In 2017, the Nord Stream pipeline delivered 51 billion cubic meters (bcm) of natural gas to consumers in the European Union. This means the pipeline system operated at 93 per cent of its annual design capacity of 55 bcm. Overall, […]

  • 7 May 2015
    Environment

    Iberdrola, the owner of ScottishPower in the UK, has been ranked first in a ‘Super-League’ of European electric utilities compiled by CDP on the basis of their response to the challenges of climate change. In ‘Flicking the switch: are electric utilities prepared for a low carbon future’ CDP’s research, the European utilities are ranked based […]

  • 5 July 2016

    Polarcus, a marine seismic acquisition company, on Tuesday posted its fleet utilization figures for the second quarter of 2016. Utilization for the quarter was 91 percent, an increase from 80 percent in the second quarter of 2015. By category, 76 percent of vessel utilization came from contract seismic, and 15 percent from multi-client, compared to the […]

  • 3 July 2018
    Operations & Maintenance

    Polarcus, a Dubai-based seismic contractor, has recorded an increase in its vessel utilization during the second quarter of 2018. Quarterly vessel utilization increased to 85 percent from 75 percent in the second quarter of 2017. On the contracted basis the vessel activity has increased 6 percent, from 75 percent in Q2 2017 to 81 percent […]

  • 5 November 2015
    Exploration & Production

    Transocean, one of the world’s largest offshore drilling contractors saw its revenue and utilization drop, due to a shrinking demand for drilling services caused by plunging oil prices. The market situation is not expected to change any time soon, the company said. The company on Thursday reported revenues of $1.61 billion, down from $2.27 billion […]

  • 4 October 2017

    Electromagnetic Geoservices ASA (EMGS) has seen vessel utilization for the third quarter 2017 at 77% compared with 52% for the third quarter 2016. In the third quarter of 2017, the company had one vessel in operation. This vessel was allocated 72% to multi-client projects and 5% to a funded research and development project. In the […]

  • 6 October 2016

    Norwegian geophysical services company, EMGS, has recorded lower vessel utilization in the third quarter of 2016, compared to the corresponding period in 2015. The utilization dropped from 63% in the Q3 2015 to 52% in Q3 2016. In the Q3 2016, EMGS’ vessels were allocated 31% to multi-client projects and 21% to a funded research and development projects. No vessel capacity was spent on […]

  • 5 January 2017
    Business & Finance

    Norwegian geophysical services company, EMGS, has seen increased vessel utilization in the fourth quarter of 2016, compared to the corresponding period in 2015. Vessel utilization for the fourth quarter 2016 came in at 89% compared with 21% for the fourth quarter in 2015. For the full year 2016, the vessel utilization was 70%, whereas the utilization for […]

  • 11 May 2018
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    Seismic player Polarcus has returned to quarterly profit when compared to first-quarter 2017, despite revenue drop of some 35 percent. The Oslo-listed company reported net profit for the quarter ended March 31, 2018 of $2.8 million or 1 cent per share, versus loss of $38 million in Q1 2017. Sequentially, the result improved from net […]

  • 19 January 2015

    Japan’s ten regional electric power companies consumed 5.37 million tonnes of LNG in December, a rise of 1.9% compared to 5.26 million tonnes the companies used in December of 2014.

  • 3 September 2012
    Business & Finance

    GeoSea NV and Barge Master BV have signed a cooperation agreement for the testing and deployment of the first S700/C400 Barge Master platform. The S700/C400 Barge Master is a motion compensation platform that compensates up to 95% of sea-induced motions. The platform can be installed on a supply vessel or barge and has a payload […]

  • 23 February 2018
    Business & Finance, Operations & Maintenance

    Oslo-listed SeaBird has narrowed its quarterly loss for the period ended December 31, 2017 as revenues increased close to 60 percent on higher fleet utilization. The seismic data provider for oil and gas companies posted loss of around $5.9 million or 1 cent per diluted share for the fourth quarter of 2017, compared to loss […]

  • 4 April 2017

    Seismic contractor, Polarcus, has seen a minor decrease in its vessel utilization during the first quarter of 2017. The utilization of the vessel fleet was 72 percent in Q1 2017 compared to 79 percent in the corresponding period in 2016. On the contracted basis the vessel activity was 58 percent compared to 67 percent in Q1 2016. The […]

  • 6 January 2020
    Business & Finance

    Electromagnetic Geoservices (EMGS) has seen an increase in vessel utilization for the fourth quarter 2019 at 80% compared with 32% for the fourth quarter in 2018. For the full year 2019, the vessel utilization was 59%, whereas the utilization for the full year 2018 was 33%. In the fourth quarter of 2019, EMGS’ vessels were […]

  • 13 March 2015

    Japan’s ten regional electric power companies consumed 4.84 million tonnes of LNG in February, a rise of 1.3 percent compared to the same month in 2014. The power companies bought 4.99 million tonnes of LNG in January, down 0.6 percent as compared to a year ago, data from the Federation of Electric Power Companies of […]